Who are online cash advance direct lenders?
Cash lenders come in various types, primarily categorized as licensed direct cash advance lenders or non-direct lenders. The distinction lies in the involvement of a third party in the funding process of your cash advance. Before committing to any loan, you must research your chosen lender. This research is essential to ensure that they hold the necessary licensing as cash advance lenders. Opting for a cash advance direct lender, such as CashUSAToday, offers the advantage of having them manage the entire application and funding process for your loan.
Advantages of getting online loans from direct lenders with no credit check
Opting for a loan from a direct lender comes with several advantages:
- No middleman: From the moment you apply until you receive the funds in your account, the lender handles the entire process directly.
- Easy application process: The whole application process is conducted online, so borrowers can apply whenever it is convenient and convenient for them.
- Quick funding: You will be informed of the decision on your application instantly if you meet the eligibility criteria and the funds will be deposited to your account as quickly as possible.
- No strict credit requirements: You will not have to undergo a hard credit check since the lender will check your ability to repay the loan on time.
Eligibility for installment loans online from a direct lender
Here are the eligibility criteria for getting instant online loans from a direct lender:
- A minimum age of 18 is required
- Have a Social Security Number (SSN)
- Valid contact details
- Active checking account
- Pay stubs/ bank statements to verify income